Which type of insurance professional might operate under a business entity license?

A resident insurance producer with a registered office is a professional who can operate under a business entity license because they have met the licensing requirements established by the state. In New Jersey, an insurance producer can conduct business as an individual or as part of a business entity, such as a corporation or partnership. By having a registered office, this producer demonstrates compliance with state regulations that require a physical location for business operations, thereby qualifying for the business entity license.

In contrast, the other options present scenarios for individuals who are not classified as operating under a business entity. A temporary insurance agent during a licensing exam does not hold a full license and is not operating in a formal business capacity. An individual working under a mentorship program may still be in training and lacks the full autonomy and authority that a licensed producer would have. Similarly, a non-resident producer without a local office lacks the required physical presence that often aligns with the practice of operating under a business entity license. Thus, the scenario of a resident insurance producer with a registered office perfectly fits the definition of someone who can work under a business entity license.